Word: productive
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Dates: during 1950-1959
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...knows how to gauge the productivity of such workers-or how much money they should get. On the standard measures, it often appears that white-collar employees drag productivity down. If only production-line workers are counted, productivity increased at an annual rate of 3.7% since 1947; if all workers are counted, the gain drops to 2.9%. Actually, says Wernick, the reverse may be true, since technical experts often make possible productivity increases. Moreover, how can industry measure the work of scientists who design a new machine or a new product that does not show up in the output figures...
...Lieut. James Obenauf's courageous action in bringing a doomed B-47 in for a safe landing to save the life of the navigator-instructor Major Joseph Maxwell [May 12]. I have no idea in what school or college Obenauf received his education, but if he is a product of our American family life and our educational system, I say pfui to TIME, LIFE and other advocates of the Russian educational system...
...idea that management can be lax about costs without pricing its product not only out of foreign markets but out of the American market as well...
...fighting recession. President Eisenhower urged that businessmen do only ''what is clearly in their own interest." He called for "vigor and imagination in forging ahead with new and improved product developments and in product and market research." He asked business to show faith, not fear, in the U.S. economy by keeping inventories up to normal standards, by investing in needed plants and equipment...
Part of the investors' interest could be attributed to gold's traditional role as a hedge against recession. While many other industries struggle to sell their product, the U.S. Government buys all domestic gold output; thus as mining costs decline (at least theoretically) and the selling price remains the same, gold-mine profits should rise...